butcoin runes | BTCC Knowledge

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Will runes make bitcoin fun again?

With Runes, Casey Rodarmor is aiming to “make Bitcoin fun again.” Here’s how they work. Due to BRC-20’s existing shortcomings, the creator of the protocol proposed Runes in September 2023. It aims to be a UTXO-based fungible token protocol.

What are the advantages of bitcoin runes?

There are several key advantages to Bitcoin Runes starting with its UXTO protocol, which integrates well with the native Bitcoin architecture and is compatible with the Lightning Network. Runes is also a simpler and more efficient model than BRC-20 and other protocols that require off-chain data.

Is runes compatible with Bitcoin?

By being UTXO-based, Runes is more compatible with Bitcoin’s native model and expected to reduce ‘junk’ UTXO creation and the on-chain footprint, plus promote better user experience. Runes launched during the upcoming Bitcoin halving on 20 April 2024.

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